FRANCISCAN RETREAT CENTER

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Deann Barnett

Phone

7199557025

Tax Period

2023-01-01 to 2023-12-31

FRANCISCAN RETREAT CENTER, founded in 2006, is a small nonprofit that reported $417K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $725K exceeded revenue, resulting in a 74% operating deficit.

Mission

THE FRANCISCAN RETREAT CENTER PROVIDES A QUIET, REFLECTIVE PLACE OF BEAUTY FOR PEOPLE OF ALL FAITHS FOR RETREATS, CONFERENCES, MEETINGS, WORKSHOPS, SEMINARS, SELECT CELEBRATIONS, OR JUST TIME AWAY. SEE SCH O FOR CONTINUATION.

Program Service Accomplishments

Program 1

Expenses: $666,241 Revenue: $391,301

Hospitality to groups & individuals. As of August 1, 2023, operations of the Center were transferred to the Diocese of Colorado Springs (the Diocese) and the Center was dissolved on December 26...

Hospitality to groups & individuals. As of August 1, 2023, operations of the Center were transferred to the Diocese of Colorado Springs (the Diocese) and the Center was dissolved on December 26, 2023. All employees of the Center became employees of the Diocese and all Center furnishings were transferred to the Diocese. All operations and business relationships, including a land lease, were transitioned to the Diocese. As part of the Memorandum of Understanding, the Center transferred three months of operating capital to the Diocese which totaled $168,178, which it viewed as a contribution expense. The remaining net assets were transferred to the Sisters of Saint Francis of Colorado Springs.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,134

Program Service Revenue $391,301

Investment Income $472

Other Revenue $250

TOTAL REVENUE $417,157

Expense Breakdown

Grants Paid $325,883

Salaries & Benefits $131,215

Fundraising Expenses $0

Program Expenses $666,241

Other Expenses $267,588

TOTAL EXPENSES $724,686

Year-over-Year Comparison

	2023	2022	Change
Revenue	$417,157	$752,187	-0.4%
Expenses	$724,686	$745,948	0.0%
Net Income	$-307,529	$6,239	-50.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$55,160

Total Directors

$306,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gail Hickert	Director	1.0	Director	$0	$32,987	$306,004
Terri Gray	Executive Director	40.0	Officer	$46,581	$8,579	$55,160
Jim Pagano	President/Chairman	1.0	Officer Director	$0	$0	$0
Tony Cichello	Secretary / Treasurer	1.0	Officer Director	$0	$0	$0
Sr Marietta Spenner	Vice President	1.0	Officer Director	$0	$0	$0
William Carter	Director	1.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$417,157	$724,686	No data	$-307,529
2022	$752,187	$745,948	$408,047	$6,239
2021	$867,907	$719,223	$402,255	$148,684
2020	$388,553	$537,153	$245,401	$-148,600
2019	$699,148	$664,272	$374,718	$34,876
2018	$697,415	$650,510	$370,646	$46,905